Friday, April 16, 2010
Tuesday, April 13, 2010
Monday, April 12, 2010
Commercial Market Bouncing Back
Check out what the Denver Business Journal has to say about the commercial market! Read the article here.
Monday, March 8, 2010
SBA Loan Programs
Pending Legislation that will Impact SBA Loan Programs
H.R. 4302 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the House of Representatives on 12/14/09 by Rep. Abercrombie of Hawaii. As of 01/26/10, the bill had just three co-sponsors. This bill, which is loosely modeled on S. 2869 (below) would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.
S. 2869 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the Senate on 12/10/09 by Senator Mary Landriew of Louisiana. As of 01/26/10, the bill had eighteen co-sponsors, including bi-partisan support. This bill would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.
It appears that the Senate bill is well supported and is likely to be voted on and subsequently pass. Please contact your local Representatives to encourage them to support, pass and approve the House bill!!!
Source: Colorado Lending Source
There doesn’t seem to be a better way to get a loan for your small business than the Small Business Administration (SBA). Unfortunately these loans are not available for investments, but are available for small business owners looking for money to purchase, build or renovate commercial real estate. The SBA offers long-term fixed interest rate financing. With interest rates so low and properties being priced to sell, there has not been a better time to take advantage of these opportunities. Edge Commercial Properties has several properties that would fit this program perfectly. Please visit our site at www.edgecommercialproperties.com. We work closely with George Taylor to help facilitate these small business loans; he can be contacted at 720-323-7408 for any of your additional questions.
Please feel free to contact us with all of your commercial real estate needs and questions. It would be our pleasure to assist you.
Sincerely,
Heather Taylor
Edge Commercial Properties – www.edgecommercialproperties.com
303-688-3332
heather.taylor@edgecommercialproperties.com
Thursday, March 26, 2009
1st Quarter News and Notes
CSU - SIOR Study Shines Positive Light on Castle Rock Commercial Development
FORT COLLINS - Commercial building permit and plan review fees in 20 cities and counties along Colorado's Front Range range from high - Boulder County at $72,465 - to low - Greeley at $31,275, according to a new study from the Colorado State University Everitt Real Estate Center.
Customer service could be excellent in Castle Rock and Fort Collins to below average in Aurora, according to the study.
To read a copy of the entire study please click HERE.
Source: CSU News & Information
3 Commercial Real Estate Tax Breaks in 2009
The Passage of the Emergency Economic Recovery Stabilization Act of 2008 (H.R. 1424) last fall extended several tax benefits for commercial properties.
1. The 15-Year Straight Line Depreciation Cost Recovery Period: Applies to leasehold improvements placed in service after December 31, 2008 has been extended Through 2009
2. Deductions for Energy Efficient Upgrades: This provision applies to all commercial buildings (excluding apartments) and has been extended through 2013. Deductions are up to $1.80 per SF for buildings achieving a 50 percent use reduction.
3. The Cost of Environmental Remediation: This can still be deducted rather than capitalized for property placed in service after December 31, 2007; this provision has been extended through 2009
Source: NAR Commercial
Edge Commercial Adds Broker Heather Taylor
Edge Commercial Properties would like to welcome the newest addition to our Team, Heather Taylor. Heather joins Edge Commercial with a strong sales background along with extensive experience running her own company which was geared toward assisting small businesses in their quest to obtain financing. Heather looks forward to assisting Edge clients with all of their real estate needs.
Please feel free to contact us if you have any questions or if there is any way we might be able to help you.
Sincerely,
Matt CallEdge Commercial Properties
303.688.3332
matt.call@edgecommercialproperties.com
FORT COLLINS - Commercial building permit and plan review fees in 20 cities and counties along Colorado's Front Range range from high - Boulder County at $72,465 - to low - Greeley at $31,275, according to a new study from the Colorado State University Everitt Real Estate Center.
Customer service could be excellent in Castle Rock and Fort Collins to below average in Aurora, according to the study.
To read a copy of the entire study please click HERE.
Source: CSU News & Information
3 Commercial Real Estate Tax Breaks in 2009
The Passage of the Emergency Economic Recovery Stabilization Act of 2008 (H.R. 1424) last fall extended several tax benefits for commercial properties.
1. The 15-Year Straight Line Depreciation Cost Recovery Period: Applies to leasehold improvements placed in service after December 31, 2008 has been extended Through 2009
2. Deductions for Energy Efficient Upgrades: This provision applies to all commercial buildings (excluding apartments) and has been extended through 2013. Deductions are up to $1.80 per SF for buildings achieving a 50 percent use reduction.
3. The Cost of Environmental Remediation: This can still be deducted rather than capitalized for property placed in service after December 31, 2007; this provision has been extended through 2009
Source: NAR Commercial
Edge Commercial Adds Broker Heather Taylor
Edge Commercial Properties would like to welcome the newest addition to our Team, Heather Taylor. Heather joins Edge Commercial with a strong sales background along with extensive experience running her own company which was geared toward assisting small businesses in their quest to obtain financing. Heather looks forward to assisting Edge clients with all of their real estate needs.
Please feel free to contact us if you have any questions or if there is any way we might be able to help you.
Sincerely,
Matt CallEdge Commercial Properties
303.688.3332
matt.call@edgecommercialproperties.com
Wednesday, February 18, 2009
Positive News February 2009
We’re Number One: The Pew Research Center's new survey says, "Denver is the most desirable city in America!" Forty-three percent of those in the survey say Denver was the city they would most like to live in if they had a choice of living in the nation's top 30 cities. In the top five Denver was followed by Seattle, San Diego, Tampa and Orlando. The bottom five, all east of the Mississippi were Cleveland, Cincinnati, Kansas City, Minneapolis and Detroit. http://www.kdvr.com/news/kdvr-denver-top-city012909,0,4773717.story
Schwab to add 500 jobs in Douglas County: Charles Schwab Corp. will bring 500 new jobs to Colorado by 2011, Gov. Bill Ritter announced Thursday January 15th at the state Capitol. http://denver.bizjournals.com/denver/stories/2009/01/12/daily55.html?surround=etf
Existing-Home Sales Show Strong Gain In December: Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors® report released January 26th. http://www.realtor.org/press_room/news_releases/2009/01/ehs_shows_strong_gain?LID=RONav0021
CSU, CU economists - Colorado’s recovery could start as early as summer: Colorado went through a bad economic year in 2008 and can expect more of the same this year, but there are signs that a recovery could start as soon as summer, a pair of Colorado’s top university business economists agreed Wednesday.
http://denver.bizjournals.com/denver/stories/2009/01/19/daily20.html?surround=etf
Creative Foam moving into Longmont: Creative Foam, a designer and manufacturer of foams and plastics for the automotive, medical, and composite markets, announced in January 2009 that it is leasing 70,000 square feet in Longmont. The Michigan-based company is expanding in Colorado to service Danish wind turbine manufacturer Vestas Wind Systems. http://www.metrodenver.org/site-selection/news-deals
Fannie Mae to Loosen Refinancing Rules: Fannie Mae will loosen rules for homeowners seeking to lower their mortgage payments by refinancing. The District company, which accounts for more than 40 percent of the $12 trillion in U.S. residential mortgage debt, is seeking to break a "logjam" in refinancing and allow more homeowners to take advantage of near-record low interest rates, according to Brian Faith, a spokesman for Fannie Mae, which like its rival, Freddie Mac, is under government control. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/05/AR2009020503157.html
MATT CALL
Brokerage Services
303.339.2550
Matt.call@edgecommercialproperties.com
www.edgecommercialproperties.comm
We’re Number One: The Pew Research Center's new survey says, "Denver is the most desirable city in America!" Forty-three percent of those in the survey say Denver was the city they would most like to live in if they had a choice of living in the nation's top 30 cities. In the top five Denver was followed by Seattle, San Diego, Tampa and Orlando. The bottom five, all east of the Mississippi were Cleveland, Cincinnati, Kansas City, Minneapolis and Detroit. http://www.kdvr.com/news/kdvr-denver-top-city012909,0,4773717.story
Schwab to add 500 jobs in Douglas County: Charles Schwab Corp. will bring 500 new jobs to Colorado by 2011, Gov. Bill Ritter announced Thursday January 15th at the state Capitol. http://denver.bizjournals.com/denver/stories/2009/01/12/daily55.html?surround=etf
Existing-Home Sales Show Strong Gain In December: Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors® report released January 26th. http://www.realtor.org/press_room/news_releases/2009/01/ehs_shows_strong_gain?LID=RONav0021
CSU, CU economists - Colorado’s recovery could start as early as summer: Colorado went through a bad economic year in 2008 and can expect more of the same this year, but there are signs that a recovery could start as soon as summer, a pair of Colorado’s top university business economists agreed Wednesday.
http://denver.bizjournals.com/denver/stories/2009/01/19/daily20.html?surround=etf
Creative Foam moving into Longmont: Creative Foam, a designer and manufacturer of foams and plastics for the automotive, medical, and composite markets, announced in January 2009 that it is leasing 70,000 square feet in Longmont. The Michigan-based company is expanding in Colorado to service Danish wind turbine manufacturer Vestas Wind Systems. http://www.metrodenver.org/site-selection/news-deals
Fannie Mae to Loosen Refinancing Rules: Fannie Mae will loosen rules for homeowners seeking to lower their mortgage payments by refinancing. The District company, which accounts for more than 40 percent of the $12 trillion in U.S. residential mortgage debt, is seeking to break a "logjam" in refinancing and allow more homeowners to take advantage of near-record low interest rates, according to Brian Faith, a spokesman for Fannie Mae, which like its rival, Freddie Mac, is under government control. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/05/AR2009020503157.html
MATT CALL
Brokerage Services
303.339.2550
Matt.call@edgecommercialproperties.com
www.edgecommercialproperties.comm
Monday, February 2, 2009
February 2008
Denver Faring Better than Most Metro Commercial Markets
See the Business Section cover story from the Denver Post article Sunday February 1, 2009 ....at Edge Commercial Properties we maintain a positive attitude and outlook while also observing real data from the market place to reach conclusions about where the market is headed. Although there are some negative points to the Post article the theme is encouraging, Denver and Colorado generally are faring better than the rest of the country. Our vacancy rates for commercial space and delinquency rates on commercial notes are lower than the most of the country. For our clients in the Castle Rock market we have included a few recent stats from the CR commercial sub-market. In our office we have experienced more activity in January than we did all of 4th Quarter '08… 2009 may not be a banner year but we are encouraged by some early signs to start.
As of December 16, 2008 Avg
Castle Rock Vacancy Rates
INDUSTRIAL 7.4%
OFFICE 9.2%
RETAIL 4.9%
Avg Castle Rock Lease Rates
INDUSTRIAL $9.63 NNN
OFFICE $23.91 FSG
RETAIL $21.44 NNN
http://www.denverpost.com/businessheadlines/ci_11595663http://www.denverpost.com/businessheadlines/ci_11595663
See the Business Section cover story from the Denver Post article Sunday February 1, 2009 ....at Edge Commercial Properties we maintain a positive attitude and outlook while also observing real data from the market place to reach conclusions about where the market is headed. Although there are some negative points to the Post article the theme is encouraging, Denver and Colorado generally are faring better than the rest of the country. Our vacancy rates for commercial space and delinquency rates on commercial notes are lower than the most of the country. For our clients in the Castle Rock market we have included a few recent stats from the CR commercial sub-market. In our office we have experienced more activity in January than we did all of 4th Quarter '08… 2009 may not be a banner year but we are encouraged by some early signs to start.
As of December 16, 2008 Avg
Castle Rock Vacancy Rates
INDUSTRIAL 7.4%
OFFICE 9.2%
RETAIL 4.9%
Avg Castle Rock Lease Rates
INDUSTRIAL $9.63 NNN
OFFICE $23.91 FSG
RETAIL $21.44 NNN
http://www.denverpost.com/businessheadlines/ci_11595663http://www.denverpost.com/businessheadlines/ci_11595663
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